First: Individual Corporations and Establishments. Table (A) Requirements of companies A NA

Size: px
Start display at page:

Download "First: Individual Corporations and Establishments. Table (A) Requirements of companies A NA"

Transcription

1 Appendix (3): requirements to open an investment account (individual corporations and establishments, governmental establishments, non-profit organizations like charitable organizations and endowments). Al Rajhi Capital is a Saudi Limited Liability Company, commercial registration No , with paid up capital of SR. 500,000,000, licensed by Saudi Arabian Capital Market Authority (License No. 7068/37). Head Office : King Fahad Road, P.O. Box 5561, Riyadh 11432, Kingdom of Saudi Arabia.

2 First: Individual Corporations and Establishments Table (A) A copy of valid commercial registry. Requirements of companies A NA A copy of company statutes and attachments or the articles of association, its attachments and any amendments thereof. A copy of valid ID of manager in charge. A copy of the resolution issued to appoint the board of directors. A copy of the board resolution approving the process of account opening and authorizing their representative for signature. A list of names of the persons authorized to manage the account in accordance with the statements of commercial registration abstract and copies of their valid IDs. A list of company owners whose names mentioned in the articles of association and a copy of their valid IDs except for the joint stock companies of which names are listed in the Capital Market Authority. If the activity of company requires obtaining a license from another governmental authority, a copy of such a license should be submitted. to manage the investment account. If a partner is replaced, Al Rajhi Capital shall be informed by virtue of a formal letter.

3 Second: Governmental Organizations Table (B) Requirements of Governmental Organizations A NA A copy of valid ID of manager in charge. A copy of the resolution issued to appoint the board of directors A copy of the board resolution approving the process of account opening and authorizing their representative for signature. A list of names of the persons authorized to manage the account and copies of their valid IDs. to manage the investment account. A copy of all required documents according to their order and administrative organization. Preparing a letter from a competent person in Money Laundering Combating Authority addressed to Capital Market Authority requiring approval for account opening.

4 Third: Non-profit organizations (charitable organizations and endowments) Table (C) Requirements of non-profit organizations (charitable organizations) A NA A copy of company statutes. A copy of the license issued from the competent governmental authority. Authorization from the board of directors for the persons who shall manage and operate the investment account and copies of their IDs. A copy of the board resolution approving the process of investment account opening. A copy of valid ID of manager in charge. A list of the persons authorized to manage the account and copies of their valid IDs. to manage the investment account. Preparing a letter from a competent person in Money Laundering Combating Authority addressed to Capital Market Authority requiring approval for account opening.

5 Table (D) Requirements of non-profit organizations (Endowments) A NA Endowment Custody Statement. ID of endowment Custodian. A copy of endowment grantor ( or death certificate) to manage the investment account. Preparing a letter from a competent person in Money Laundering Combating Authority addressed to Capital Market Authority requiring approval for account opening.

6

ALINMA BANK (A Saudi Joint Stock Company) INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

ALINMA BANK (A Saudi Joint Stock Company) INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) ALINMA BANK (A Saudi Joint Stock Company) INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) FOR THE NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2011 1 ALINMA BANK (A Saudi Joint Stock Company)

More information

Global Saudi Equity Fund

Global Saudi Equity Fund Global Saudi Equity Fund Annual Report 2016 Global Saudi Equity Fund Contents Investment Fund Information 1 Fund Performance 1 Fund Manager 2 Custodian 3 Auditor 3 Financial Statement Global Investment

More information

Saudi Arabian economy Oil production stabilizes around 9 mbpd

Saudi Arabian economy Oil production stabilizes around 9 mbpd Md. Rahmatullah Khan, Economic analyst Tel: +966 1 211 9319, khanmr@alrajhi-capital.com Saudi Arabian economy Saudi Arabian economy Oil production stabilizes around 9 mbpd Crude production in Saudi Arabia

More information

BIDAYA HOME FINANCE COMPANY (A Saudi Closed Joint Stock Company) Condensed Interim Financial Statements (Unaudited) For the three-month and six-month

BIDAYA HOME FINANCE COMPANY (A Saudi Closed Joint Stock Company) Condensed Interim Financial Statements (Unaudited) For the three-month and six-month Condensed Interim Financial Statements For the three-month and six-month periods ended 30 June CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION As at 30 June ASSETS Notes 30 June 31 December Cash and

More information

ALINMA BANK (A Saudi Joint Stock Company) (UNAUDITED)

ALINMA BANK (A Saudi Joint Stock Company) (UNAUDITED) ALINMA BANK (A Saudi Joint Stock Company) (UNAUDITED) INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS PERIOD ENDED MARCH 31, 2010 1 ALINMA BANK (A Saudi Joint Stock Company)

More information

Saudi Arabian economy Saudi crude production less synchronized with global growth

Saudi Arabian economy Saudi crude production less synchronized with global growth Md. Rahmatullah Khan, Economic analyst Tel: +966 2 939, khanmr@alrajhi-capital.com Saudi Arabian economy Saudi Arabian economy Saudi crude production less synchronized with global growth Crude oil production

More information

Saudi Arabian economy Moderation in 2013 and rebound in 2014

Saudi Arabian economy Moderation in 2013 and rebound in 2014 Research Department Md. Rahmatullah Khan, Economic analyst Tel: +966 1 211 9319, khanmr@alrajhi-capital.com Saudi Arabian economy Saudi Arabian economy Moderation in 2013 and rebound in 2014 Saudi Arabian

More information

PREVENTION OF MONEY LAUNDERING AND TERRORIST FINANCING QUESTIONNAIRE FOR FI CUSTOMER

PREVENTION OF MONEY LAUNDERING AND TERRORIST FINANCING QUESTIONNAIRE FOR FI CUSTOMER PREVENTION OF MONEY LAUNDERING AND TERRORIST FINANCING QUESTIONNAIRE FOR FI CUSTOMER Section A : General information Name of the Financial Institution Full address Banque Saudi Fransi Date of Incorporation

More information

SADARA BASIC SERVICES COMPANY. (a joint stock company incorporated under the laws of the Kingdom of Saudi Arabia)

SADARA BASIC SERVICES COMPANY. (a joint stock company incorporated under the laws of the Kingdom of Saudi Arabia) Reference Number: SADARA BASIC SERVICES COMPANY (a joint stock company incorporated under the laws of the Kingdom of Saudi Arabia) Commercial Register Number 2055018374 Application for purchase of Sukuk

More information

Yansab Better than expected results

Yansab Better than expected results YANSAB AB: Saudi Arabia US$6.91bn 39.8% US$23.37mn Market cap Free float Avg. daily volume RSI10 Vol th Target price n/a n/a Consensus price 56.00 21.5% over current Current price 46.10 as at 9/2/2011

More information

Blom Saudi IPO Fund Annual Fund Report

Blom Saudi IPO Fund Annual Fund Report Blom Saudi IPO Fund 2016 Annual Fund Report 1 Contents Investment Fund Information... 3 Fund Performance... 4 Fund Expenses... 4 Fund Manager... 6 Custodian... 7 Auditor... 8 Financial Statements... 9

More information

AL RAJHI BANKING AND INVESTMENT CORPORATION

AL RAJHI BANKING AND INVESTMENT CORPORATION AL RAJHI BANKING AND INVESTMENT CORPORATION INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2012 (UNAUDITED) AL RAJHI BANKING AND INVESTMENT CORPORATION

More information

Petro Rabigh Shutdown marred Q2 results

Petro Rabigh Shutdown marred Q2 results PETROR AB: Saudi Arabia US$5.07bn 17.4% US$11.19mn Market cap Free float Avg. daily volume RSI10 Vol th Target price n/a n/a Consensus price 32.18 48.3% over current Current price 21.70 as at 17/8/2011

More information

ALINMA BANK (A Saudi Joint Stock Company) INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2010

ALINMA BANK (A Saudi Joint Stock Company) INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2010 ALINMA BANK (A Saudi Joint Stock Company) INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS PERIOD ENDED SEPTEMBER 30, (UNAUDITED) ALINMA BANK (A Saudi Joint Stock Company) INTERIM

More information

Al Hammadi and Care merger: First Look

Al Hammadi and Care merger: First Look Saudi Arabia January 18, 2010 Key theme Our initial thoughts on merger between Hammadi and Care. Target prices Stock Rating Price Target Al Hammadi N SAR 40.0 Care N SAR 45.0 Major shareholders: Name Stake

More information

KINGDOM OF SAUDI ARABIA. Capital Market Authority. Investment Accounts Instructions

KINGDOM OF SAUDI ARABIA. Capital Market Authority. Investment Accounts Instructions KINGDOM OF SAUDI ARABIA Capital Market Authority Investment Accounts Instructions English Translation of the Official Arabic Text Issued by the Board of the Capital Market Authority Pursuant to its Resolution

More information

KINGDOM OF SAUDI ARABIA. Capital Market Authority. Investment Accounts Instructions

KINGDOM OF SAUDI ARABIA. Capital Market Authority. Investment Accounts Instructions KINGDOM OF SAUDI ARABIA Capital Market Authority Investment Accounts Instructions English Translation of the Official Arabic Text Issued by the Board of the Capital Market Authority Pursuant to its Resolution

More information

Zain KSA restructuring ensures fresh start

Zain KSA restructuring ensures fresh start Vol mn RSI10 Zain KSA ZAINKSA AB: Saudi Arabia US$5.41bn 48.3% US$142.1mn Market cap Free float Avg. daily volume Target price 15.90 9.68% over current Consensus price 16.10 11.0% over current Current

More information

Blom Saudi IPO Fund. Annual Fund Report 2017

Blom Saudi IPO Fund. Annual Fund Report 2017 Blom Saudi IPO Fund Annual Fund Report 2017 Mohamadiya Area, Al-Oula Building 3rd Floor, King Fahd Road, Riyadh 11482, Saudi Arabia P.O. Box 8151 Tel: +966 11 4949555 Fax: +966 11 4949551 www.blom.sa Blom

More information

INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION ASSETS Note 31 March 2011 31 December 31 March (Audited) Cash and balances with SAMA 19,334,388 23,178,560 22,153,181 Due from banks and other

More information

SABIC Overall strong performance

SABIC Overall strong performance SABIC AB: Saudi Arabia US$80.80bn 22.6% US$124.7mn Market cap Free float Avg. daily volume RSI10 Vol th Target price 126.0 24.75% over current Consensus price 125.6 24.4% over current Current price 101.0

More information

CREDIT SUISSE SAUDI ARABIA (A Saudi Closed Joint Stock Company) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017 together with the

CREDIT SUISSE SAUDI ARABIA (A Saudi Closed Joint Stock Company) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017 together with the FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017 together with the INDEPENDENT AUDITOR S REPORT INDEX PAGE Independent auditors report 1-2 Balance sheet 3 Statement of income 4 Statement of cash

More information

Zain KSA bogged down by high debt

Zain KSA bogged down by high debt Vol th RSI10 Zain KSA ZAINKSA AB: Saudi Arabia US$2.464bn 48.3% US$16.50mn Market cap Free float Avg. daily volume Target price 7.30 12.31% over current Consensus price 7.62 17.2% over current Current

More information

ALBILAD INVESTMENT COMPANY (A Limited Liability Company) FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT FOR THE YEAR ENDED DECEMBER 31, 2015

ALBILAD INVESTMENT COMPANY (A Limited Liability Company) FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT FOR THE YEAR ENDED DECEMBER 31, 2015 FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT FOR THE YEAR ENDED DECEMBER 31, 2015 Financial statements for the year ended December 31, 2015 Pages Independent auditor s report 1 Balance sheet 2

More information

RIYAD INCOME FUND Open-Ended Fund (Managed by Riyad Capital) Interim Condensed Financial Statements (Un-Audited) For the six month period ended 30

RIYAD INCOME FUND Open-Ended Fund (Managed by Riyad Capital) Interim Condensed Financial Statements (Un-Audited) For the six month period ended 30 Interim Condensed Financial Statements (Un-Audited) Together with the Independent Auditors Review Report TO THE UNITHOLDERS RIYAD INCOME FUND Riyadh, Kingdom of Saudi Arabia INDEPENDENT AUDITORS REVIEW

More information

Figure 1 Global Economic Data

Figure 1 Global Economic Data Global perspective Economic Research Research Department ARC Research Team Tel: 966 11 211 9370, devassyp@alrajhi-capital.com Global economic data improves, but outlook remains uncertain Medium-term risks

More information

GIB Saudi Equity Fund صندوق جي آي بي لألسهم السعودية

GIB Saudi Equity Fund صندوق جي آي بي لألسهم السعودية 1 GIB Saudi Equity Fund صندوق جي آي بي لألسهم السعودية Public Local Equity Open-Ended Fund GIB Capital Terms & Conditions Date of Issuance January 11, 2018 Date of CMA Approval of the Establishment of

More information

JADWA SAUDI RIYAL MURABAHA FUND Managed by JADWA INVESTMENT COMPANY Interim Financial Statements (Unaudited) For the six-month period ended 30 June

JADWA SAUDI RIYAL MURABAHA FUND Managed by JADWA INVESTMENT COMPANY Interim Financial Statements (Unaudited) For the six-month period ended 30 June Managed by JADWA INVESTMENT COMPANY Interim Financial Statements (Unaudited) together with the Independent Auditors Review Report to the Unit-Holders INTERIM BALANCE SHEET (Unaudited) As at 30 June 2016

More information

Saudi Ceramic Expansion plan key growth driver

Saudi Ceramic Expansion plan key growth driver RSI10 Construction and Materials Industrial SCERCO AB: Saudi Arabia Rating NEUTRAL Target price SAR116. 0 (4.5% upside) Current SAR111.3 price Key themes & implications Company is one of the leading ceramic

More information

Saudi Arabian Economy

Saudi Arabian Economy Saudi Arabian Economy Economic Research Research Department ARC Research Team, Tel. +966 1 211 9370, devassyp@alrajhi-capital.com Saudi economy continues to improve The recent data released by SAMA indicates

More information

Blom Saudi Arabia Fund Annual Fund Report

Blom Saudi Arabia Fund Annual Fund Report Blom Saudi Arabia Fund 2016 Annual Fund Report 1 Contents Investment Fund Information... 3 Fund Performance... 4 Fund Expenses... 4 Fund Manager... 6 Custodian... 7 Auditor... 8 Financial Statements...

More information

Ma aden Equity infusion will strengthen balance sheet

Ma aden Equity infusion will strengthen balance sheet RSI10 Ma aden MAADEN AB: Saudi Arabia Rating Target price Current price OVERWEIGHT SAR42.0 (19.4% upside) SAR35.17 Research Department ARC Research Team Tel 966 11 211 9332, gopij@alrajhi-capital.com Key

More information

Economic Research March 2014

Economic Research March 2014 Saudi Arabian economy Economic Research March 214 Research Department Md. Rahmatullah Khan, Economic analyst Tel: +966 11 211 9319, khanmr@alrajhi-capital.com Saudi Arabian Economy Saudi Arabia s sovereign

More information

Saudi Arabian Economy

Saudi Arabian Economy Saudi Arabian Economy Economic Research Research Department ARC Research Team Tel. +966 11 211 937, research@alrajhi-capital.com Saudi Arabia: Preliminary Govt. estimates for 219 budget point to expansionary

More information

Board of Directors Annual Report As of 31 December 2017

Board of Directors Annual Report As of 31 December 2017 UBS Saudi Arabia King Fahad Road Tatweer Towers Tower 4, 9 th Floor PO Box 75724 Riyadh 11588 Kingdom of Saudi Arabia Tel. +966 (0) 11 203 8000 www.ubs.com UBS Saudi Arabia (A Closed Joint Stock Company)

More information

MEFIC IPO Fund June 30, 2017 التقرير النصف سنوي لصندوق ميفك للطروحات الا ولية

MEFIC IPO Fund June 30, 2017 التقرير النصف سنوي لصندوق ميفك للطروحات الا ولية MEFIC IPO Fund June 30, 2017 التقرير النصف سنوي لصندوق ميفك للطروحات الا ولية Article 71 A Top Ten Holdings B Fee Details Name of Stock % Holding in the stock* Name % of Total NAV i Saudi Ground Services

More information

Saudi Arabian Economy

Saudi Arabian Economy Saudi Arabian Economy Economic Research Research Department ARC ResearchTeam, Tel. +966 1 211 9370, devassyp@alrajhi-capital.com IMF hikes Saudi Arabia s 2018 growth forecast The IMF raised Saudi Arabia

More information

Bank AlBilad (A Saudi Joint Stock Company) UNAUDITED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2009

Bank AlBilad (A Saudi Joint Stock Company) UNAUDITED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2009 Bank AlBilad UNAUDITED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2009 BANK ALBILAD CONSOLIDATED STATEMENT OF FINANCIAL POSITION ASSETS March December March 31,

More information

Strategy report All Industries All Sectors Saudi Arabia 13 March 2017 January 18, 2010

Strategy report All Industries All Sectors Saudi Arabia 13 March 2017 January 18, 2010 Strategy report Saudi Arabia January 18, 2010 Key themes The Govt. has recently unveiled Fiscal Balance Program, which outlines a roadmap to balance the budget by 2019 in a baseline scenario. The key components

More information

Gulf Steel Works Factory Company Bidding Guidelines

Gulf Steel Works Factory Company Bidding Guidelines Gulf Steel Works Factory Company Bidding Guidelines From: Saudi Fransi Capital P.O. Box 23454 Riyadh 11426 To: Qualified Investors Date: 27 November, 2017 Subject: Qualified Investor Bidding Guidelines

More information

ALJAZIRA CAPITAL COMPANY. CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2015 INDEPENDENT AUDITORS REPORT

ALJAZIRA CAPITAL COMPANY. CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2015 INDEPENDENT AUDITORS REPORT ALJAZIRA CAPITAL COMPANY (A Saudi Closed Joint Stock Company) CONSOLIDATED FINANCIAL STATEMENTS together with the INDEPENDENT AUDITORS REPORT 2 3 CONSOLIDATED BALANCE SHEET Note ASSETS Current assets Cash

More information

Blom Saudi Arabia Fund

Blom Saudi Arabia Fund Blom Saudi Arabia Fund Annual Fund Report 2017 Mohamadiya Area, Al-Oula Building 3rd Floor, King Fahd Road, Riyadh 11482, Saudi Arabia P.O. Box 8151 Tel: +966 11 4949555 Fax: +966 11 4949551 www.blom.sa

More information

INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION Notes SAR'000 SAR'000 SAR'000 ASSETS Cash and balances with SAMA 18,711,233 23,178,560 17,199,074 Due from banks and other financial institutions

More information

Mobily high growth phase continues

Mobily high growth phase continues Vol mn RSI10 Etihad Etisalat Company EEC AB: Saudi Arabia US$11.15bn 55.3% US$10.10mn Market cap Free float Avg. daily volume Target price 70.03 17.2% over current Consensus price 71.21 19.2% over current

More information

Almarai Steady performance

Almarai Steady performance RSI10 ALMARAI AB: Saudi Arabia Rating Target price Current price NEUTRAL SAR55.05 (-4.59% upside) SAR57.66 Key themes & implications Almarai reported a positive top-line in Q1 2016, showing resilience

More information

SAMBA FINANCIAL GROUP

SAMBA FINANCIAL GROUP SAMBA FINANCIAL GROUP INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND AUDITORS' REVIEW REPORT FOR THE NINE MONTH PERIOD ENDED September 30, 2010 SAMBA FINANCIAL GROUP Page 3 STATEMENTS OF CONSOLIDATED

More information

Saudi Arabian economy

Saudi Arabian economy Research Department ARC Research Team Tel 966 11 211 9370, research@alrajhi-capital.com Saudi Arabian economy Saudi Arabian Economy The IMF executive board maintained the Kingdom s real GDP growth outlook

More information

Blom Arab Markets Balanced Fund

Blom Arab Markets Balanced Fund Blom Arab Markets Balanced Fund Annual Fund Report 2017 Mohamadiya Area, Al-Oula Building 3rd Floor, King Fahd Road, Riyadh 11482, Saudi Arabia P.O. Box 8151 Tel: +966 11 4949555 Fax: +966 11 4949551 www.blom.sa

More information

SAMBA FINANCIAL GROUP INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND AUDITORS' REVIEW REPORT

SAMBA FINANCIAL GROUP INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND AUDITORS' REVIEW REPORT SAMBA FINANCIAL GROUP INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND AUDITORS' REVIEW REPORT FOR THE NINE MONTH PERIOD ENDED SEPTEMBER 30, 2013 SAMBA FINANCIAL GROUP Page 3 STATEMENTS OF CONSOLIDATED

More information

Sipchem Petrochemicals Industrial SIPCHEM AB: Saudi Arabia 07 August 2014

Sipchem Petrochemicals Industrial SIPCHEM AB: Saudi Arabia 07 August 2014 RSI10 Sipchem SIPCHEM AB: Saudi Arabia Rating Target price Current price NEUTRAL SAR40.98 (7.6% upside) SAR38.10 Sector rating Company risk rating Key themes & implications Outperform Low Sipchem recently

More information

KEY FUND TERMS. Fund Manager. Alkhabeer Capital. Fund Currency. Saudi Arabian Riyal SAR million. Distribution Policy

KEY FUND TERMS. Fund Manager. Alkhabeer Capital. Fund Currency. Saudi Arabian Riyal SAR million. Distribution Policy Fund Fact Sheet KEY FUND TERMS Fund Name Alkhabeer REIT Fund Term 99 years Fund Manager Alkhabeer Capital Fund Currency Saudi Arabian Riyal Investment Objectives The main investment objective of the Fund

More information

National Industrialization Co. Diversified Operations Industrial NIC AB: Saudi Arabia 25 May 2014

National Industrialization Co. Diversified Operations Industrial NIC AB: Saudi Arabia 25 May 2014 RSI10 National Industrialization Co. NIC AB: Saudi Arabia 25 May 2014 Rating Target price Current price OVERWEIGHT SAR37.30 (18.7% upside) SAR31.40 Key themes & implications Sluggish petrochemical prices

More information

Future Equity Fund. Riyad Capital Company. Information Bulletin

Future Equity Fund. Riyad Capital Company. Information Bulletin The Future Equity Fund was launched as an open-ended fund pursuant to the investment funds regulations issued by the board of the Capital Market Authority. Riyad Capital Company will distribute the fund

More information

Zain KSA still risky to invest

Zain KSA still risky to invest Vol mn RSI10 Zain KSA ZAINKSA AB: Saudi Arabia US$2.76bn 48.3% US$27.07mn Market cap Free float Avg. daily volume Target price 6.00-18.9% over current Consensus price 5.81-21.5% over current Current price

More information

workinq world Independent auditors' review [('port on the Interim Condensed Consolidated Financial Statements

workinq world Independent auditors' review [('port on the Interim Condensed Consolidated Financial Statements EY Building a better workinq world Independent auditors' review [('port on the Interim Condensed Consolidated Financial Statements pwc To the Shareholders of Riyad Bank (A Saudi Joint Stock Company) Introduction:

More information

SAMBA FINANCIAL GROUP INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND AUDITORS' REVIEW REPORT

SAMBA FINANCIAL GROUP INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND AUDITORS' REVIEW REPORT SAMBA FINANCIAL GROUP INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND AUDITORS' REVIEW REPORT FOR THE SIX MONTH PERIOD ENDED JUNE 30, 2013 SAMBA FINANCIAL GROUP Page 3 STATEMENTS OF CONSOLIDATED

More information

Emirates NBD Infinite Islamic Charge Card Terms and Conditions

Emirates NBD Infinite Islamic Charge Card Terms and Conditions PERSONAL BANKING Credit Cards Emirates NBD Infinite Islamic Charge Card Terms and Conditions emiratesnbd.com.sa 800 754 7777 All Emirates NBD Islamic Infinite Charge Cards and the related credit facility

More information

ALLIED COOPERATIVE INSURANCE GROUP (ACIG) (A SAUDI JOINT STOCK COMPANY) INTERIM CONDENSED FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REVIEW REPORT

ALLIED COOPERATIVE INSURANCE GROUP (ACIG) (A SAUDI JOINT STOCK COMPANY) INTERIM CONDENSED FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REVIEW REPORT INTERIM CONDENSED FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REVIEW REPORT FOR THE THREE-MONTH AND NINE-MONTH PERIODS ENDED 30 SEPTEMBER INTERIM CONDENSED FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS

More information

Kingdom of Saudi Arabia Capital Market Authority. Examples of some violations of the Capital Market Law and its Implementing Regulations

Kingdom of Saudi Arabia Capital Market Authority. Examples of some violations of the Capital Market Law and its Implementing Regulations Kingdom of Saudi Arabia Capital Market Authority s of some violations of the Capital Market Law and its Implementing Regulations Introduction The Capital Market Authority was established to achieve a

More information

Table 1 Key macro indicators. Source: SAMA, * Provisional

Table 1 Key macro indicators. Source: SAMA, * Provisional Saudi Arabian economy Research Department ARC Research Team Tel 966 11 211 9370, research@alrajhi-capital.com Saudi Arabian Economy The Kingdom maintained oil output at an elevated level (~10.3mbpd in

More information

AL HADI SHARIAH COMPLIANT FUND Open-ended Fund (Managed by Riyad Capital) Interim Condensed Financial Statements (Un-Audited) For the six month

AL HADI SHARIAH COMPLIANT FUND Open-ended Fund (Managed by Riyad Capital) Interim Condensed Financial Statements (Un-Audited) For the six month Interim Condensed Financial Statements (Un-Audited) Together with the INDEPENDENT AUDITOR S REVIEW REPORT TO THE UNITHOLDERS AL HADI SHARIAH COMPLIANT FUND Riyadh, Kingdom of Saudi Arabia INDEPENDENT AUDITOR

More information

SAIBOR eases marginally. Crude oil slips

SAIBOR eases marginally. Crude oil slips Research Department ARC Research Team Tel 966 11 211 9370, research@alrajhi-capital.com Saudi Arabian Economy - Liquidity easing Saudi Arabian economy Liquidity improving owing to the government initiatives

More information

Saudi Arabian Economy

Saudi Arabian Economy Saudi Arabian Economy Research Department ARC Research Team, Tel. +966 11 211 9370, devassyp@alrajhi-capital.com Saudi Arabian economy continued to expand in Q3 Saudi Arabian economy has continued to expand

More information

AlAhli IPO Fund Interim Report

AlAhli IPO Fund Interim Report A. Fund Manager AlAhli IPO Fund Interim Report 1. The Fund Manager is NCB Capital Company. Address: King Saud Road, P.O. Box 22216, Riyadh 11495, Kingdom of Saudi Arabia, Tel: +966 920000232 Fax +966 114060049

More information

Jadwa REIT Saudi Fund

Jadwa REIT Saudi Fund Jadwa REIT Saudi Fund Teaser January 2018 Real Estate Public Markets Private Equity Investment Banking Investment Management Advisory Offering Summary Net Yield 7.30% Size SR 1.58bn Quarterly Distribution

More information

The Pathway from Frontier to Emerging: Middle East Markets

The Pathway from Frontier to Emerging: Middle East Markets INVESTOR SERVICES The Pathway from Frontier to Emerging: Middle East Markets There is no official list which categorizes markets as developed, emerging and frontier. Having said that, the global marketplace

More information

RIYAD BANK INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

RIYAD BANK INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 31 March 2016 31 December 2015 31 March 2015 Notes SAR'000 SAR'000 SAR'000 ASSETS Cash and balances with SAMA 18,177,347 20,569,929 21,197,627

More information

Foreign Investment Law in the Kingdom of Saudi Arabia (2000)

Foreign Investment Law in the Kingdom of Saudi Arabia (2000) UNCTAD Compendium of Investment Laws Saudi Arabia Foreign Investment Law in the Kingdom of Saudi Arabia (2000) Unofficial translation Note The Investment Laws Navigator is based upon sources believed to

More information

KINGDOM OF SAUDI ARABIA. Capital Market Authority

KINGDOM OF SAUDI ARABIA. Capital Market Authority KINGDOM OF SAUDI ARABIA Capital Market Authority DRAFT INSTRUCTIONS ON ISSUING DEPOSITARY RECEIPTS OUT OF THE KINGDOM FOR SHARES ISSUED IN THE KINGDOM English Translation of the Official Arabic Text Issued

More information

Blom MSCI Saudi Arabia Select Min Vol Fund Interim Fund Report

Blom MSCI Saudi Arabia Select Min Vol Fund Interim Fund Report Blom MSCI Saudi Arabia Select Min Vol Fund Interim Fund Report 30 June 2018 Mohamadiya Area, Al-Oula Building, 3rd Floor, King Fahd Road, Riyadh 11482, Saudi Arabia P.O. Box 8151 Tel: +966 11 4949555 Fax:

More information

Al Hadi Fund Open-ended fund investing in a group of funds. Riyad Capital Company. Information Bulletin

Al Hadi Fund Open-ended fund investing in a group of funds. Riyad Capital Company. Information Bulletin The Al Hadi Fund was launched as an open-ended fund pursuant to investment funds regulations issued by the board of the Capital Market Authority. Riyad Capital Company will distribute the fund in the kingdom

More information

FALCOM MURABAHA FUND (SAUDI RIYAL) (the FUND )

FALCOM MURABAHA FUND (SAUDI RIYAL) (the FUND ) 1 In the Name of Allah, the Most Gracious, the Most Merciful These are the Terms & Conditions of the Falcom Murabaha Fund (Saudi Riyal) (the Fund ) an open-ended collective investment scheme represents

More information

SAMBA FINANCIAL GROUP

SAMBA FINANCIAL GROUP INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTH PERIOD ENDED September 30, 2017 INTERIM STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME Three months ended Nine months ended Sep

More information

Saudi Arabian economy

Saudi Arabian economy Research Department ARC Research Team Tel 966 11 211 9370, research@alrajhi-capital.com Saudi Arabian economy Saudi Arabian Economy The Kingdom s Q1 2016 GDP grew at the slowest pace in three years as

More information

AL RAJHI BANKING AND INVESTMENT CORPORATION (SAUDI JOINT STOCK COMPANY)

AL RAJHI BANKING AND INVESTMENT CORPORATION (SAUDI JOINT STOCK COMPANY) AL RAJHI BANKING AND INVESTMENT CORPORATION INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) FOR THE THREE MONTHS PERIOD ENDED MARCH 31, INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

More information

AL HADI FUND Open-ended Fund (Managed by Riyad Capital) Interim Condensed Financial Statements (Un-Audited) For the six month period ended 30 June

AL HADI FUND Open-ended Fund (Managed by Riyad Capital) Interim Condensed Financial Statements (Un-Audited) For the six month period ended 30 June Interim Condensed Financial Statements (Un-Audited) Together with the INDEPENDENT AUDITOR S REVIEW REPORT TO THE UNITHOLDERS AL HADI FUND Riyadh, Kingdom of Saudi Arabia INDEPENDENT AUDITOR S REVIEW REPORT

More information

Trust Account Opening Form

Trust Account Opening Form Trust Account Opening Form IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT To help the government fight the funding of terrorism and money laundering activities, Federal law requires all

More information

Saudi Arabian Economy

Saudi Arabian Economy Saudi Arabian Economy Economic Research Research Department ARC Research Team Tel. +966 11 211 9370, Research@alrajhi-capital.com Following the rise in crude oil prices, IMF has marginally raised Saudi

More information

Saudi Arabian Economy

Saudi Arabian Economy Research Department ARC Research Team Tel. +966 11 211 9449, alsudairim@alrajhi-capital.com Saudi Arabian Economy Saudi economy: Reforms on track The Government announced an increase in gasoline prices

More information

Saudi Banks Sector Banks Finance Saudi Arabia 19 November 2017 January 18, 2010

Saudi Banks Sector Banks Finance Saudi Arabia 19 November 2017 January 18, 2010 Saudi Arabia January 18, 2010 Implications earnings growth was subdued by higher provisioning charges. Liquidity tightened modestly along with rise in SAIBOR. The financial health of the smallest 60 companies

More information

Blom Saudi IPO Fund Interim Fund Report

Blom Saudi IPO Fund Interim Fund Report Blom Saudi IPO Fund Interim Fund Report 30 June 2018 Mohamadiya Area, Al-Oula Building, 3rd Floor, King Fahd Road, Riyadh 11482, Saudi Arabia P.O. Box 8151 Tel: +966 11 4949555 Fax: +966 11 4949551 www.blom.sa

More information

Saudi Arabian Mining Co (Maaden AB Equity) Continuing steady performance

Saudi Arabian Mining Co (Maaden AB Equity) Continuing steady performance Vol mn RSI10 Saudi Arabian Mining Co- Mining Industrial MAADEN AB: Saudi Arabia 29 May 2018 US$17.47bn 35% US$6.79mn Market cap Free float Avg. daily volume Target price 47.60-15.5% over current Current

More information

Independent auditoi's' review report on the Interim Condensed Consolidated Financial Statements

Independent auditoi's' review report on the Interim Condensed Consolidated Financial Statements EY Building a better working world To the Shareholders of Riyad Bank (A Saudi Joint Stock Company) Independent auditoi's' review report on the Interim Condensed Consolidated Financial Statements..II pwc

More information

Advanced Petrochemicals Co Upgrade to OW. Raise TP to SAR61/share

Advanced Petrochemicals Co Upgrade to OW. Raise TP to SAR61/share Vol mn RSI10 Petrochemicals Industrial APPC AB: Saudi Arabia US$2.891bn 9% US$2.792mn Market cap Free float Avg. daily volume Target price 61.00 10.7% over current Current price 55.10 as at 5/7/2018 Neutral

More information

SAMBA FINANCIAL GROUP

SAMBA FINANCIAL GROUP INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTH PERIOD ENDED June 30, 2016 STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME Three months ended Six months ended Jun 30, 2016 Jun

More information

Statement for natural person clients for the identification of natural persons authorized in a Treasury framework agreement

Statement for natural person clients for the identification of natural persons authorized in a Treasury framework agreement Statement for natural person clients for the identification of natural persons in a Treasury framework agreement home address, in lack of that place of residence: in order to ensure compliance with the

More information

Custodian of the Two Holy Mosques King Abdulla Bin Abdulaziz Al-Saud Kingdom of Saudi Arabia

Custodian of the Two Holy Mosques King Abdulla Bin Abdulaziz Al-Saud Kingdom of Saudi Arabia Custodian of the Two Holy Mosques King Abdulla Bin Abdulaziz Al-Saud Kingdom of Saudi Arabia His Royal Highness Prince Sultan Bin Abdulaziz Al-Saud The Crown Prince & First Deputy Prime Minister His Royal

More information

Saudi Insurance Sector Q1 2014

Saudi Insurance Sector Q1 2014 Insurance Sector in Q1 2014 Summary The report depicts the insurance sector`s performance in Saudi Arabia during the first quarter of the year 2014. The report also shows the main insurance indicators

More information

Saudi Banks Sector Banks Finance Saudi Arabia 19 June 2017 January 18, 2010

Saudi Banks Sector Banks Finance Saudi Arabia 19 June 2017 January 18, 2010 Saudi Arabia January 18, 2010 Key themes The banking sector s net income is expected to be under pressure in Q2 2017. Net financing income is expected to slip as loan growth has been flat and loans are

More information

Samba Real Estate Fund Terms and Conditions. Supervised by Samba Islamic Banking Services Pursuant to the Decision of the Shariah Supervisory Board

Samba Real Estate Fund Terms and Conditions. Supervised by Samba Islamic Banking Services Pursuant to the Decision of the Shariah Supervisory Board Samba Real Estate Fund Terms and Conditions Supervised by Samba Islamic Banking Services Pursuant to the Decision of the Shariah Supervisory Board In the name of Allah, The Beneficent, The Merciful This

More information

Saudi Banking Sector - Third Quarter 2013

Saudi Banking Sector - Third Quarter 2013 Overview Summary The report reviews the Saudi banks (including the non-listed NCB) detailed results of the third quarter of 2013 compared to the same period of last year (YoY). It also shows the most important

More information

Beyond the Shoreline: Saudi Arabia Introduces a New Commercial Maritime Law. Monday, 21 st of January 2019

Beyond the Shoreline: Saudi Arabia Introduces a New Commercial Maritime Law. Monday, 21 st of January 2019 Beyond the Shoreline: Saudi Arabia Introduces a New Commercial Maritime Law Monday, 21 st of January 2019 1 Introduction After years of studies and discussions amongst the different governmental entities,

More information

IRA Application For Traditional, ROTH, SEP, and SIMPLE IRAs

IRA Application For Traditional, ROTH, SEP, and SIMPLE IRAs IRA Application For Traditional, ROTH, SEP, and SIMPLE IRAs >> Mail to: Villere Funds c/o U.S. Bank Global Fund Services PO Box 701 Milwaukee, WI 53201-0701 In compliance with the USA PATRIOT Act, all

More information

SALAMA COOPERATIVE INSURANCE COMPANY (A SAUDI JOINT STOCK COMPANY)

SALAMA COOPERATIVE INSURANCE COMPANY (A SAUDI JOINT STOCK COMPANY) SALAMA COOPERATIVE INSURANCE COMPANY (A SAUDI JOINT STOCK COMPANY) UNAUDITED INTERIM CONDENSED FINANCIAL STATEMENTS FOR THE THREE-MONTH AND TWELVE-MONTH PERIODS ENDED 31 DECEMBER 2017 SALAMA COOPERATIVE

More information

Fund Terms & Conditions

Fund Terms & Conditions Fund Terms & Conditions Jadwa REIT Saudi Fund Offer of registering and listing Units of Jadwa REIT Saudi Fund has been approved by Capital Market Authority (CMA) on 10/4/1439 H corresponding to 28/12/2017

More information

UBS Saudi Arabia (A SAUDI JOINT STOCK COMPANY) Pillar III Disclosure As of 31 December 2017

UBS Saudi Arabia (A SAUDI JOINT STOCK COMPANY) Pillar III Disclosure As of 31 December 2017 UBS Saudi Arabia King Fahad Road Tatweer Towers Tower 4, 9 th Floor PO Box 75724 Riyadh 11588 Kingdom of Saudi Arabia Tel. +966 (0) 11 203 8000 www.ubs.com UBS Saudi Arabia (A SAUDI JOINT STOCK COMPANY)

More information

Total assets 216,533, ,589, ,405,426

Total assets 216,533, ,589, ,405,426 INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 31 March 2015 31 December 2014 31 March 2014 (Unaudited) (Audited) (Unaudited) Note SAR'000 SAR'000 SAR'000 ASSETS Cash and balances with

More information

AL RAJHI BANKING AND INVESTMENT CORPORATION (A SAUDI JOINT STOCK COMPANY)

AL RAJHI BANKING AND INVESTMENT CORPORATION (A SAUDI JOINT STOCK COMPANY) AL RAJHI BANKING AND INVESTMENT CORPORATION INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) FOR THE THREE - MONTH PERIOD ENDED 31 MARCH 2016 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

More information

IRA Application For Traditional, ROTH, SEP, and SIMPLE IRAs

IRA Application For Traditional, ROTH, SEP, and SIMPLE IRAs SHENKMAN CAPITAL FUNDS IRA Application For Traditional, ROTH, SEP, and SIMPLE IRAs >> Mail to: Shenkman Capital Funds c/o U.S. Bank Global Fund Services PO Box 701 Milwaukee, WI 53201-0701 Overnight Express

More information

The Evermore Funds IRA Application For Traditional, ROTH, SEP, and SIMPLE IRAs

The Evermore Funds IRA Application For Traditional, ROTH, SEP, and SIMPLE IRAs The Evermore Funds IRA Application For Traditional, ROTH, SEP, and SIMPLE IRAs >> Mail to: Evermore Funds Trust c/o U.S. Bank Global Fund Services PO Box 701 Milwaukee, WI 53201-0701 Overnight Express

More information